Protector Forsikring

Transaction in Own Shares • May 23, 2023

Protector Forsikring ASA - Transactions made under the buy-back program

Protector Forsikring ASA - Transactions made under the buy-back program

Reference is made to the stock exchange announcement published on 11.05.2023 regarding the initiation of a buy-back program of up to 100,000 own shares for a maximum amount of MNOK 16.5. The purpose of the repurchase program is to fulfill obligations arising as a result of the Company's bonus program for senior executives and key personnel as well as the Company's share purchase program for all employees. The buy-back program can be implemented in the period 12.05.2023-02.06.2023.

Overview of transactions:

Date Aggregated daily Weighted Total

volume (no. of average share price trans. value

shares) (NOK) (NOK)

12.05.2023 20,000 156.7325 3,134,649.00

15.05.2023 23,475 156.8089 3,681,088.20

16.05.2023 25,525 159.5310 4,072,027.60

19.05.2023 15,000 160.7404 2,411,106.00

22.05.2023 16,000 161.2019 2,579,231.00

Accumulated under

the buy-back

program 100,000 158.7810 15,878,101.80

An overview of all transactions made under the buy-back program that have been carried out during the above-mentioned time period is attached.

Following the completion of the above transactions, Protector Forsikring ASA owns a total of 108,385 of own shares, corresponding to 0.13 % of Protector Forsikring ASA's share capital.

For further information, please contact:

CFO, Ditlev de Vibe Vanay, mob. +47 934 80 393

Oslo, 23 May 2023

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and article 5 of the EU Market Abuse Regulation.